12/20/2011 04:34 EST | Updated 02/19/2012 05:12 EST

Health Transfer Payments: Alberta Likely To Benefit

Chris Young, CP
CALGARY - Alberta's premier says she likes Ottawa's plan for health-care funding and she suggests the province is likely to end up ahead financially.

Finance Minister Jim Flaherty says he will keep six per cent annual increases in health transfers in place through 2017, then tie payments to economic growth.

Alison Redford told a Calgary rotary club that Flaherty's plan acknowledges for the first time that Alberta needs to be treated equally on a per capita basis.

Alberta currently receives a lower per-capita transfer payment from the federal government than other provinces.

Redford said the disparity costs her province an additional $900 million a year.

The province hasn't run the numbers yet, but she expects Alberta's books will see a net improvement with the new formula.

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